Financial stocks charge out of the gate

SteveGelsi

NEW YORK (MarketWatch) -- Financial stocks took part in bullish moves on Wall Street Wednesday as brokerage stocks led the way in the sector. The Amex Securities Broker Dealer Index
$xbd
jumped 0.6%. The Philadelphia Banking Index
$bkx
added 0.1%. The S&P Insurance Index
IUX, +0.00%
rose fractionally. Among Dow components from the financial sector, American Express
AXP, -0.47%
led the charge with a rise of 0.5%. TD Banknorth Inc.
BNK, +5.56%
fell a penny to $32.16 after its latest earnings update. Piper Jaffray
PJC, -1.37%
rallied 3% to $73.25. Provident Financial
PROV, -0.69%
had not yet opened trading after setting plans to buy back 5% of its stock.

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